As part of the Restructuring plan, Bondholders in the Company's bonds with ISIN (i) NO 001 0757263, (ii) NO 0010757271, (iii) NO 001 0714389, (iv) NO 001 0757255, (v) NO 001 0680150 and (vi) NO 001 0757248 (the "Unsecured Bonds") were offered the option to convert their bonds, valued at 70% (after the reduction of the principal value to 2018 call prices), to equity at a conversion price of NOK 1.

The cars, christened the Brawn BGP 001, appear to be competitive despite the fact that the team has had to do pre-season testing without a buyer for the team or even knowing if the new car would ever see a GP grid.

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